Manulife, Kotak Mahindra partner to promote fund mgmt, distribution

Manulife Asset Management (Hong Kong) Ltd and Kotak Mahindra (UK) Ltd have agreed to collaborate with respect to fund management and distribution opportunities in Asia.

Manulife is one of the world’s leading financial services organisations with a wide footprint and well-established businesses in Asia. Kotak is a leading banking and financial services group in India, headquartered in Mumbai.

The move is key to Manulife significantly enhancing its investment management capabilities in Asia’s second largest capital market. It also gives Kotak access to Manulife’s Asian and global investment capabilities, and creates attractive cross-distribution opportunities for both parties, both in the institutional and retail wealth management arenas.

Upon completion of final agreements and subject to necessary regulatory approvals, Manulife’s investment management division, MFC Global Investment Management will have access to Kotak's investment expertise for the Indian portion of its Asia Pacific equity strategies.